Playa Hotels & Resorts (NASDAQ:PLYA) Stock Rating Lowered by Macquarie

Macquarie cut shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Oppenheimer cut Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lowered Playa Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price objective for the company from $15.00 to $13.50 in a report on Tuesday. Finally, Truist Financial reiterated a “hold” rating and set a $13.00 price objective on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.10.

Playa Hotels & Resorts Price Performance

Shares of PLYA opened at $13.28 on Monday. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $13.32. The firm has a market capitalization of $1.61 billion, a PE ratio of 27.67, a PEG ratio of 1.83 and a beta of 1.54. The company’s 50-day moving average is $11.92 and its 200-day moving average is $9.60. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14.

Institutional Investors Weigh In On Playa Hotels & Resorts

Large investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC bought a new stake in shares of Playa Hotels & Resorts during the 3rd quarter valued at $414,000. MQS Management LLC bought a new stake in Playa Hotels & Resorts during the third quarter worth about $689,000. Oppenheimer & Co. Inc. grew its stake in Playa Hotels & Resorts by 69.8% during the third quarter. Oppenheimer & Co. Inc. now owns 52,443 shares of the company’s stock worth $406,000 after buying an additional 21,562 shares in the last quarter. King Luther Capital Management Corp grew its stake in Playa Hotels & Resorts by 1.2% during the third quarter. King Luther Capital Management Corp now owns 429,200 shares of the company’s stock worth $3,326,000 after buying an additional 5,154 shares in the last quarter. Finally, FMR LLC increased its holdings in Playa Hotels & Resorts by 59.5% in the 3rd quarter. FMR LLC now owns 26,041 shares of the company’s stock valued at $202,000 after buying an additional 9,713 shares during the period. Institutional investors and hedge funds own 74.58% of the company’s stock.

About Playa Hotels & Resorts

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm’s geographical segments include Yucatán Peninsula, Pacific Coast, Dominican Republic, and Jamaica. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana.